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ATS Automation Tooling Systems

TSX:ATA
Snowflake Description

Solid track record with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ATA
TSX
CA$2B
Market Cap
  1. Home
  2. CA
  3. Capital Goods
Company description

ATS Automation Tooling Systems Inc. provides factory automation solutions worldwide. The last earnings update was 6 days ago. More info.


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ATA Share Price and Events
7 Day Returns
6%
TSX:ATA
2.3%
CA Machinery
1%
CA Market
1 Year Returns
3.7%
TSX:ATA
-21.1%
CA Machinery
-1.6%
CA Market
ATA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
ATS Automation Tooling Systems (ATA) 6% 1.7% 15.8% 3.7% 105.2% 42.6%
CA Machinery 2.3% 0.5% 1.3% -21.1% 13.4% 1.2%
CA Market 1% -2% 1.9% -1.6% 12.9% 4.6%
1 Year Return vs Industry and Market
  • ATA outperformed the Machinery industry which returned -21.1% over the past year.
  • ATA outperformed the Market in Canada which returned -1.6% over the past year.
Price Volatility
ATA
Industry
5yr Volatility vs Market

ATA Value

 Is ATS Automation Tooling Systems undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of ATS Automation Tooling Systems to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for ATS Automation Tooling Systems.

TSX:ATA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.4%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSX:ATA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 6%
Machinery Unlevered Beta Simply Wall St/ S&P Global 0.98
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.982 (1 + (1- 26.5%) (18.29%))
1.077
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.08
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (1.077 * 5.96%)
8.36%

Discounted Cash Flow Calculation for TSX:ATA using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for ATS Automation Tooling Systems is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

TSX:ATA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 8.36%)
2019 42.71 Analyst x2 39.42
2020 67.39 Analyst x2 57.39
2021 119.50 Analyst x1 93.91
2022 145.12 Est @ 21.44% 105.24
2023 167.74 Est @ 15.59% 112.26
2024 187.03 Est @ 11.5% 115.50
2025 203.17 Est @ 8.63% 115.79
2026 216.64 Est @ 6.63% 113.93
2027 227.95 Est @ 5.22% 110.63
2028 237.62 Est @ 4.24% 106.42
Present value of next 10 years cash flows CA$970.50
TSX:ATA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CA$237.62 × (1 + 1.95%) ÷ (8.36% – 1.95%)
CA$3,775.05
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$3,775.05 ÷ (1 + 8.36%)10
CA$1,690.73
TSX:ATA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$970.50 + CA$1,690.73
CA$2,661.23
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$2,661.23 / 91.91
CA$28.95
TSX:ATA Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$28.95
Current discount Discount to share price of CA$21.14
= -1 x (CA$21.14 - CA$28.95) / CA$28.95
27%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price ATS Automation Tooling Systems is available for.
Intrinsic value
27%
Share price is CA$21.14 vs Future cash flow value of CA$28.95
Current Discount Checks
For ATS Automation Tooling Systems to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • ATS Automation Tooling Systems's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • ATS Automation Tooling Systems's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for ATS Automation Tooling Systems's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are ATS Automation Tooling Systems's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:ATA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in CAD CA$0.76
TSX:ATA Share Price ** TSX (2019-05-21) in CAD CA$21.14
Canada Machinery Industry PE Ratio Median Figure of 10 Publicly-Listed Machinery Companies 19.53x
Canada Market PE Ratio Median Figure of 544 Publicly-Listed Companies 14.89x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of ATS Automation Tooling Systems.

TSX:ATA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:ATA Share Price ÷ EPS (both in CAD)

= 21.14 ÷ 0.76

27.95x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ATS Automation Tooling Systems is overvalued based on earnings compared to the CA Machinery industry average.
  • ATS Automation Tooling Systems is overvalued based on earnings compared to the Canada market.
Price based on expected Growth
Does ATS Automation Tooling Systems's expected growth come at a high price?
Raw Data
TSX:ATA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 27.95x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
14.8%per year
North America Machinery Industry PEG Ratio Median Figure of 86 Publicly-Listed Machinery Companies 1.43x
Canada Market PEG Ratio Median Figure of 250 Publicly-Listed Companies 1.14x

*Line of best fit is calculated by linear regression .

TSX:ATA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 27.95x ÷ 14.8%

1.89x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ATS Automation Tooling Systems is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on ATS Automation Tooling Systems's assets?
Raw Data
TSX:ATA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in CAD CA$8.59
TSX:ATA Share Price * TSX (2019-05-21) in CAD CA$21.14
Canada Machinery Industry PB Ratio Median Figure of 23 Publicly-Listed Machinery Companies 2.33x
Canada Market PB Ratio Median Figure of 2,405 Publicly-Listed Companies 1.43x
TSX:ATA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:ATA Share Price ÷ Book Value per Share (both in CAD)

= 21.14 ÷ 8.59

2.46x

* Primary Listing of ATS Automation Tooling Systems.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ATS Automation Tooling Systems is overvalued based on assets compared to the CA Machinery industry average.
X
Value checks
We assess ATS Automation Tooling Systems's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check)
  5. ATS Automation Tooling Systems has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

ATA Future Performance

 How is ATS Automation Tooling Systems expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
14.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is ATS Automation Tooling Systems expected to grow at an attractive rate?
  • ATS Automation Tooling Systems's earnings growth is expected to exceed the low risk savings rate of 1.9%.
Growth vs Market Checks
  • ATS Automation Tooling Systems's earnings growth is expected to exceed the Canada market average.
  • ATS Automation Tooling Systems's revenue growth is expected to exceed the Canada market average.
Annual Growth Rates Comparison
Raw Data
TSX:ATA Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:ATA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 14.8%
TSX:ATA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 6.8%
Canada Machinery Industry Earnings Growth Rate Market Cap Weighted Average 17.1%
Canada Machinery Industry Revenue Growth Rate Market Cap Weighted Average 6.7%
Canada Market Earnings Growth Rate Market Cap Weighted Average 14.5%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:ATA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:ATA Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 1,434 93 3
2020-03-31 1,381 127 93 4
TSX:ATA Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-03-31 1,254 128 71
2018-12-30 1,203 121 67
2018-09-30 1,160 64 49
2018-07-01 1,151 63 52
2018-03-31 1,115 60 47
2017-12-31 1,082 120 40
2017-10-01 1,042 101 40
2017-07-02 1,010 67 34
2017-03-31 1,011 128 35
2017-01-01 992 81 29
2016-10-02 1,030 127 37
2016-07-03 1,051 103 42

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • ATS Automation Tooling Systems's earnings are expected to grow by 14.8% yearly, however this is not considered high growth (20% yearly).
  • ATS Automation Tooling Systems's revenue is expected to grow by 6.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:ATA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from ATS Automation Tooling Systems Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:ATA Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 1.01 1.01 1.01 1.00
2020-03-31 0.99 1.16 0.82 2.00
TSX:ATA Past Financials Data
Date (Data in CAD Millions) EPS *
2019-03-31 0.76
2018-12-30 0.72
2018-09-30 0.52
2018-07-01 0.56
2018-03-31 0.50
2017-12-31 0.43
2017-10-01 0.43
2017-07-02 0.37
2017-03-31 0.38
2017-01-01 0.31
2016-10-02 0.41
2016-07-03 0.45

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • ATS Automation Tooling Systems is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess ATS Automation Tooling Systems's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
ATS Automation Tooling Systems has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

ATA Past Performance

  How has ATS Automation Tooling Systems performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare ATS Automation Tooling Systems's growth in the last year to its industry (Machinery).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • ATS Automation Tooling Systems's year on year earnings growth rate has been positive over the past 5 years.
  • ATS Automation Tooling Systems's 1-year earnings growth exceeds its 5-year average (50% vs 5.3%)
  • ATS Automation Tooling Systems's earnings growth has exceeded the CA Machinery industry average in the past year (50% vs 0.1%).
Earnings and Revenue History
ATS Automation Tooling Systems's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from ATS Automation Tooling Systems Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:ATA Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1,253.62 70.74 209.22
2018-12-30 1,203.42 67.49 198.80
2018-09-30 1,159.62 49.29 203.73
2018-07-01 1,150.95 52.34 196.86
2018-03-31 1,114.93 47.17 191.49
2017-12-31 1,082.17 40.04 187.86
2017-10-01 1,041.98 39.77 183.18
2017-07-02 1,009.51 34.39 179.74
2017-03-31 1,010.90 34.99 176.38
2017-01-01 992.01 28.59 172.86
2016-10-02 1,029.51 37.45 169.12
2016-07-03 1,050.73 41.81 166.09
2016-03-31 1,039.64 39.55 165.19
2015-12-27 1,082.28 52.07 168.12
2015-09-27 1,056.14 45.08 163.41
2015-06-28 999.46 39.66 168.16
2015-03-31 936.08 38.77 163.32
2014-12-28 847.41 36.54 149.33
2014-09-28 776.67 46.82 150.94
2014-06-29 724.21 49.76 132.59
2014-03-31 683.36 49.37 120.64
2013-12-29 635.87 46.48 110.92
2013-09-29 602.04 38.45 95.66
2013-06-30 588.92 37.81 92.81
2013-03-31 591.10 41.02 93.27
2012-12-30 611.36 43.15 98.12
2012-09-30 616.21 49.98 100.68
2012-07-01 620.70 49.50 100.33

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • ATS Automation Tooling Systems has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • ATS Automation Tooling Systems used its assets more efficiently than the CA Machinery industry average last year based on Return on Assets.
  • ATS Automation Tooling Systems has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess ATS Automation Tooling Systems's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
ATS Automation Tooling Systems has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

ATA Health

 How is ATS Automation Tooling Systems's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up ATS Automation Tooling Systems's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • ATS Automation Tooling Systems is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • ATS Automation Tooling Systems's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of ATS Automation Tooling Systems's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 2.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from ATS Automation Tooling Systems Company Filings, last reported 1 month ago.

TSX:ATA Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 789.63 355.41 224.54
2018-12-30 801.25 357.00 374.09
2018-09-30 775.99 335.03 354.23
2018-07-01 769.29 347.69 324.64
2018-03-31 758.77 349.10 330.15
2017-12-31 731.62 328.24 307.57
2017-10-01 716.87 320.53 306.31
2017-07-02 709.21 325.96 279.36
2017-03-31 686.01 328.68 286.70
2017-01-01 666.22 331.66 203.74
2016-10-02 672.36 329.09 226.64
2016-07-03 656.29 321.59 222.53
2016-03-31 650.55 324.90 170.03
2015-12-27 659.66 344.02 135.98
2015-09-27 639.19 329.90 97.11
2015-06-28 584.57 304.54 113.09
2015-03-31 570.73 291.26 106.05
2014-12-28 555.29 328.52 108.19
2014-09-28 531.83 352.74 96.84
2014-06-29 520.71 6.44 81.62
2014-03-31 517.54 6.05 76.47
2013-12-29 489.47 19.44 59.15
2013-09-29 445.95 44.69 183.70
2013-06-30 429.32 1.53 130.96
2013-03-31 398.60 1.18 105.45
2012-12-30 389.06 1.25 109.59
2012-09-30 393.52 2.33 104.83
2012-07-01 390.42 2.56 84.02
  • ATS Automation Tooling Systems's level of debt (45%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (1.2% vs 45% today).
  • Debt is well covered by operating cash flow (35.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.7x coverage).
X
Financial health checks
We assess ATS Automation Tooling Systems's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. ATS Automation Tooling Systems has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

ATA Dividends

 What is ATS Automation Tooling Systems's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from ATS Automation Tooling Systems dividends.
If you bought CA$2,000 of ATS Automation Tooling Systems shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate ATS Automation Tooling Systems's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate ATS Automation Tooling Systems's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:ATA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
Canada Machinery Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 4.5%
Canada Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.2%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSX:ATA Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2021-03-31
2020-03-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as ATS Automation Tooling Systems has not reported any payouts.
  • Unable to verify if ATS Automation Tooling Systems's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of ATS Automation Tooling Systems's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as ATS Automation Tooling Systems has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess ATS Automation Tooling Systems's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can ATS Automation Tooling Systems afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. ATS Automation Tooling Systems has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

ATA Management

 What is the CEO of ATS Automation Tooling Systems's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Andrew Hider
COMPENSATION CA$4,779,800
AGE 41
TENURE AS CEO 2.2 years
CEO Bio

Mr. Andrew P. Hider has been the Chief Executive Officer of ATS Automation Tooling Systems Inc. since March 6, 2017. Mr. Hider has been Vice President and General Manager of Anderson Instrument Co., Inc. since February 1, 2010. Mr. Hider is an experienced executive with a track record of success founded on his ability to drive business growth and operational performance in complex business environments and across multiple industries including transportation, advanced technology, instrumentation and industrial products. He served as President and Chief Executive Officer of the Taylor Made Group, LLC, a diversified global leader in the supply of innovative products and systems for marine, transportation, agriculture and construction markets. Prior to that, Mr. Hider served for 10 years at Danaher Corporation (NYSE: DHR), a global science and technology company He served as the President at Veeder-Root Company Inc. Mr. Hider has made a significant impact by driving growth in the solar market through strong leadership. Mr. Hider joined Danaher working for Dover in Westborough, MA, as General Manager in July 2006. Prior to that, Mr. Hider held various positions within GE starting in the Operations Management Leadership Program. He then progressed through a variety of positions within GE in Finance, Sourcing, Plant Management, Six Sigma and General Management. Mr. Hider began his career with General Electric (NYSE: GE), serving in a number of areas over a six-year period including manufacturing, project management, procurement and finance, culminating in his appointment as General Manager of GE Tri-Remanufacturing. He has been a Director of ATS Automation Tooling Systems Inc. since May 17, 2017. He served as a Director at Danaher since July 2006. Mr. Hider holds a BS in Interdisciplinary Engineering and Management as well as an MBA degree from Clarkson University in Potsdam, NY.

CEO Compensation
  • Andrew's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Andrew's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure

Average tenure and age of the ATS Automation Tooling Systems management team in years:

11.3
Average Tenure
51
Average Age
  • The average tenure for the ATS Automation Tooling Systems management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Andrew Hider

TITLE
CEO & Director
COMPENSATION
CA$5M
AGE
41
TENURE
2.2 yrs

Maria Perrella

TITLE
Chief Financial Officer
COMPENSATION
CA$2M
TENURE
11.3 yrs

Stewart McCuaig

TITLE
Corporate VP
COMPENSATION
CA$841K
AGE
55

Simon Roberts

TITLE
Senior Vice President of Global After Sales Service
COMPENSATION
CA$789K

Joe Metri

TITLE
Chief Information Officer

Sonya Mehan

TITLE
Director of Investor Relations & Corporate Communications

Angella Alexander

TITLE
Chief Human Resources Officer

James Kopperson

TITLE
Chief Financial Officer of Solar Group
AGE
51
TENURE
13.3 yrs

Chris Hart

TITLE
President of Life Sciences

Christian Debus

TITLE
President of Process Automation Solutions
Board of Directors Tenure

Average tenure and age of the ATS Automation Tooling Systems board of directors in years:

1.8
Average Tenure
54
Average Age
  • The average tenure for the ATS Automation Tooling Systems board of directors is less than 3 years, this suggests a new board.
Board of Directors

David McAusland

TITLE
Chairman of the Board
COMPENSATION
CA$303K
AGE
64

Andrew Hider

TITLE
CEO & Director
COMPENSATION
CA$5M
AGE
41
TENURE
2 yrs

Neil Arnold

TITLE
Independent Director
COMPENSATION
CA$231K
AGE
69
TENURE
11.7 yrs

Michael Martino

TITLE
Independent Director
AGE
54
TENURE
11.7 yrs

Kirsten Lange

TITLE
Independent Director
COMPENSATION
CA$89K
AGE
51
TENURE
1.6 yrs

Joanne Ferstman

TITLE
Independent Director
AGE
50
TENURE
0.8 yrs

Phil Whitehead

TITLE
Independent Director
AGE
66
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
21. Dec 18 Buy Mason Capital Management, LLC Company 20. Dec 18 20. Dec 18 250,000 CA$14.05 CA$3,482,740
21. Nov 18 Buy Mason Capital Management, LLC Company 19. Nov 18 20. Nov 18 19,000 CA$17.14 CA$321,200
20. Nov 18 Buy Mason Capital Management, LLC Company 16. Nov 18 16. Nov 18 30,000 CA$16.85 CA$505,575
18. Nov 18 Buy Mason Capital Management, LLC Company 14. Nov 18 15. Nov 18 28,500 CA$17.45 CA$495,395
14. Nov 18 Buy Joanne Ferstman Individual 13. Nov 18 13. Nov 18 1,000 CA$17.88 CA$17,880
13. Nov 18 Buy Joanne Ferstman Individual 12. Nov 18 12. Nov 18 2,000 CA$17.92 CA$35,840
11. Nov 18 Buy Mason Capital Management, LLC Company 08. Nov 18 08. Nov 18 154,600 CA$17.85 CA$2,756,402
11. Nov 18 Buy Joanne Ferstman Individual 09. Nov 18 09. Nov 18 2,000 CA$17.80 CA$35,600
X
Management checks
We assess ATS Automation Tooling Systems's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. ATS Automation Tooling Systems has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

ATA News

Simply Wall St News

Taking A Look At ATS Automation Tooling Systems Inc.'s (TSE:ATA) ROE

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for ATS Automation Tooling Systems: 9.0% = CA$71m ÷ CA$790m (Based on the trailing twelve months to March 2019.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … ATS Automation Tooling Systems's Debt And Its 9.0% ROE Although ATS Automation Tooling Systems does use debt, its debt to equity ratio of 0.44 is still low. … In my book the highest quality companies have high return on equity, despite low debt.

Simply Wall St -

An Intrinsic Calculation For ATS Automation Tooling Systems Inc. (TSE:ATA) Suggests It's 32% Undervalued

In this article we are going to estimate the intrinsic value of ATS Automation Tooling Systems Inc. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model? … See our latest analysis for ATS Automation Tooling Systems

Simply Wall St -

Here's Why We Think ATS Automation Tooling Systems (TSE:ATA) Is Well Worth Watching

If, on the other hand, you like companies that have revenue, and even earn profits, then you may well be interested in ATS Automation Tooling Systems (TSE:ATA). … How Quickly Is ATS Automation Tooling Systems Increasing Earnings Per Share. … ATS Automation Tooling Systems maintained stable EBIT margins over the last year, all while growing revenue 11% to CA$1.2b.

Simply Wall St -

Should You Investigate ATS Automation Tooling Systems Inc. (TSE:ATA) At CA$20.57?

ATS Automation Tooling Systems Inc. … With many analysts covering the stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price? … Let’s take a look at ATS Automation Tooling Systems’s outlook and value based on the most recent financial data to see if the opportunity still exists

Simply Wall St -

Could The ATS Automation Tooling Systems Inc. (TSE:ATA) Ownership Structure Tell Us Something Useful?

A look at the shareholders of ATS Automation Tooling Systems Inc. … Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. … With a market capitalization of CA$1.9b, ATS Automation Tooling Systems is a decent size, so it is probably on the radar of institutional investors.

Simply Wall St -

Can You Imagine How ATS Automation Tooling Systems's (TSE:ATA) Shareholders Feel About The 80% Share Price Increase?

(TSE:ATA) shareholders have seen the share price rise 80% over three years, well in excess of the market return (17%, not including dividends). … By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … During three years of share price growth, ATS Automation Tooling Systems achieved compound earnings per share growth of 8.3% per year.

Simply Wall St -

How ATS Automation Tooling Systems Inc. (TSE:ATA) Can Impact Your Portfolio Volatility

(TSE:ATA), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Is ATS Automation Tooling Systems Inc.'s (TSE:ATA) Balance Sheet Strong Enough To Weather A Storm?

Help shape the future of investing tools and you could win a $250 gift card! … Investors are always looking for growth in small-cap stocks like ATS Automation Tooling Systems Inc. … since poor capital management may bring about bankruptcies,

Simply Wall St -

Despite Its High P/E Ratio, Is ATS Automation Tooling Systems Inc. (TSE:ATA) Still Undervalued?

We'll show how you can use ATS Automation Tooling Systems Inc.'s (TSE:ATA) P/E ratio to inform your assessment of the investment opportunity. … Based on the last twelve months, ATS Automation Tooling Systems's P/E ratio is 30.92. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Calculating The Intrinsic Value Of ATS Automation Tooling Systems Inc. (TSE:ATA)

by projecting its future cash flows and then discounting them to today's value. … Discounted Cash Flows (DCF). … If you are reading this and its not January 2019 then I highly recommend you check out the latest calculation for ATS Automation Tooling Systems by following the link below

Simply Wall St -

ATA Company Info

Description

ATS Automation Tooling Systems Inc. provides factory automation solutions worldwide. The company is involved in the planning, designing, building, commissioning, and servicing automated manufacturing and assembly systems, including automation products and test solutions. Its products include ATS Supertrak, a modular conveyor system; ATS OmniTrak optimal solution; LogiTrack automated electrified monorail for transporting heavy workloads through assembly operations; Sortimat Clearliner, a tray handler for clean room requirement; Sortimat Workliner tray handling technology; Sortimat Birkman, a feeder technology for sorting, transporting, and separating parts; ATS Cortex system, a vision device that reduces integration time with standardized hardware and software; and ATS SmartVision software, a PC-based vision system. In addition, the company provides pre automation solutions, including discovery and analysis, concept development, simulation, and total cost of ownership modelling; and post automation solutions comprising customer training, preventative maintenance, process optimization, emergency and on-call support, spare parts, retooling, retrofits, and equipment relocation. Further, it provides engineering design, prototyping, process verification, specification writing, software and manufacturing process controls development, standard automation products/platform, equipment design and build, third-party equipment qualification, procurement and integration, automation system installation, product line commissioning, validation, and documentation services. The company serves life sciences, chemicals, consumer products, electronics, food and beverage, transportation, energy, and oil and gas markets. ATS Automation Tooling Systems Inc. was founded in 1978 and is headquartered in Cambridge, Canada.

Details
Name: ATS Automation Tooling Systems Inc.
ATA
Exchange: TSX
Founded: 1978
CA$1,942,965,011
91,909,414
Website: http://www.atsautomation.com
Address: ATS Automation Tooling Systems Inc.
730 Fountain Street North,
Building #2,
Cambridge,
Ontario, N3H 4R7,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX ATA Common Shares The Toronto Stock Exchange CA CAD 22. Dec 1993
OTCPK ATSA.F Common Shares Pink Sheets LLC US USD 22. Dec 1993
DB ATO Common Shares Deutsche Boerse AG DE EUR 22. Dec 1993
Number of employees
Current staff
Staff numbers
4,400
ATS Automation Tooling Systems employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/22 03:18
End of day share price update: 2019/05/21 00:00
Last estimates confirmation: 2019/05/17
Last earnings filing: 2019/05/16
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.